Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ( $ ) $ in Millions 1 2 Months Ended Dec. 3 1 ,

CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions 12 Months Ended
Dec. 31,2017
Income Statement [Abstract]
Sales $ 9,549
Cost of sales (without depreciation)6,508
Depreciation 587
Profit (after depreciation)2,454
Selling, general and administrative expenses 699
Research and development expenses 215
Asset impairments and restructuring charges, net 8
Operating earnings 1,532
Net interest expense 241
Other (income) charges, net (35)
Earnings before income taxes 1,326
provision for income taxes (tax rate: 30%)397.8
Net earnings 928.2
Question 1 Part 2
EBIT $1,532.00
NOPAT $1,072.40
Depreciation $587.00
CAPEX $12,370.00 NEED
Chang in operating net working capital (ONWC) NEED
Free Cash Flow 2017 $(10,710.60) NEED

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Case Studies In Finance

Authors: Robert F. Bruner

4th Edition

0072338628, 978-0072338621

More Books

Students also viewed these Finance questions

Question

4. Is Uber a viable business? Explain your answer.

Answered: 1 week ago